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<br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #17-03-070 <br /> <br />RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br />REVENUES TO THE EQUIPMENT REVOLVING FUND, FACILITIES <br />CONSTRUCTION FUND, CAPITAL MAINTENANCE FUND AND PUBLIC <br />IMPROVEMENT REVOLVING FUND (PIR) <br /> <br />WHEREAS, <br /> during the year 2016, the Ramsey City Council acted on matters impacting <br />revenue and expenditure budgets of the City’s General Fund for items that were not included in <br />the original budget for the year ended December 31, 2016; and <br /> <br />WHEREAS, <br /> <br />it has been determined that there are excess revenues over and above amounts <br />necessary to meet the fund balance requirements for the year ended December 31, 2016; and <br /> <br />WHEREAS <br /> , $$452,455.18 remained as excess revenues to be transferred from the General Fund <br />at year ended December 31, 2016; and <br /> <br />WHEREAS <br /> , Resolution #16-05-089 states that excess year-end General Fund revenues will be <br />distributed to the Equipment Revolving Fund (30%), Facilities Construction Fund (10%), the Capital <br />Maintenance Fund (30%) and the Public Improvement Revolving Fund (30%); and <br /> <br />WHEREAS, <br /> $135,736.55 will be transferred from the General Fund to each of the Equipment <br />Revolving Fund, Capital Maintenance Fund and Public Improvement Revolving Fund and $45,245.53 to <br />the Facilities Construction Fund. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: <br /> <br />1) That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $452,455.18 to the Equipment Revolving Fund, the Facilities <br />Construction Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br />at the amounts of $135,736.55, $45,245.53,$135,736.55, and $135,736.55, respectively. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Williams, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Strommen <br /> Councilmember Riley <br /> Councilmember Williams <br /> Councilmember Johns <br /> Councilmember Kuzma <br /> Councilmember LeTourneau <br /> Councilmember Shryock <br /> <br /> <br /> <br />